Mining, tourism to lead Greenland’s growth

Greenland’s best chance for avoiding economic calamity is to develop its tourism and mining industries, a joint report released by the Greenlandic and Danish governments concludes.

This article from The Arctic Journal, comments on the best options for Greenland’s development.

“One of the most important goals for Naalakkersuisut (Greenland’s elected government, ed.) is to drastically reduce unemployment. In order to do that, we need to create jobs and that requires private sector growth,” said Vittus Qujaukitsoq, the finance minister, after meeting with Danish officials last week.

Tourism and mining already contribute to the economy but will require additional attention if they are to become a significant source of income. In the longer term, water exports and services for Arctic shipping could also contribute to the economy.